Question
The marked price of a product is Rs.320 more than the
cost price. If 15% discount offered on the marked price and the profit percent on that product is 27.5%, then find the cost price of the product.Solution
Let the CP of the product be Rs.x  And MP = Rs.(320 + x)  According to question,  => (x × 27.5/100) = [(x + 320) × 85/100]  => (x × 27.5) = [(x + 320) × 85]  => x = Rs.640
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